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Waiving Non Compete Agreement
"I need a Waiving Non Compete Agreement to release our former CTO from their non-compete restrictions effective March 1, 2025, but want to maintain confidentiality obligations regarding our AI technology patents."
1. Parties: Identification of the parties to the agreement - the employer/company waiving the non-compete and the employee/individual being released
2. Background: Context of the original non-compete agreement, its date, and the circumstances leading to this waiver
3. Definitions: Key terms used in the agreement including reference to the original agreement, effective date, and scope of waiver
4. Waiver Details: Specific terms of the waiver including scope, effective date, and explicit waiver language releasing the individual from non-compete obligations
5. Governing Law: Confirmation of Singapore law as governing law and jurisdiction for any disputes
6. Execution: Signature blocks and execution details for all parties
1. Surviving Obligations: Section detailing any obligations that continue despite the waiver, such as confidentiality or intellectual property provisions
2. Consideration: Details of any payment or consideration being provided in exchange for the waiver
3. Confidentiality: Provisions regarding the confidentiality of the waiver agreement and any surviving confidentiality obligations
1. Schedule 1 - Original Non-Compete Agreement: Copy or extract of the original non-compete agreement being waived
2. Schedule 2 - Specific Restrictions Being Waived: Detailed list of specific restrictions being waived, if not all provisions are being waived
3. Schedule 3 - Corporate Authorizations: Copies of any required corporate approvals or board resolutions authorizing the waiver
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